APG 0.00% 0.2¢ austpac resources nl

Pommie,I am happy with recent SP performance on the whole. I...

  1. 4,618 Posts.
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    Pommie,

    I am happy with recent SP performance on the whole. I think it accurately reflects the balance between those interested in trading/ investing in APG.

    Technically, APG has emerged on the upside with support from an ascending triangle formation. It didn't scream away with streamers, but it confirmed its break (two consecutive days on the upside of recent support). From here I expect either two trading patterns:

    1. gently sideways with support (i.e. gently up); or

    2. violently up.

    The path will depend on the much anticipated news. Assuming the news is as expected, APG should move quickly to meet old resistance and go through it. Otherwise expect more of the same - range bound - with some volitility introduced by speculation/ dare I say manipulation.

    It certainly appears the case that technical and fundamental parameters are converging and will hopefully combine to create a perfect storm. Unless news is negative, we should see a retest of 20c in the very near future.

    I patiently wait with anticipation of brighter days.

    GC
 
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